Search found 1615 matches

by Katietsu
Sun Nov 18, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Am I understanding this right about DAFs? If so...wow
Replies: 25
Views: 2205

Re: Am I understanding this right about DAFs? If so...wow

I think it sounds like a good idea. I would recommend getting started now, especially if you are going to be moving between brokerages. It can sometimes take a bit longer than anticipated.
by Katietsu
Sat Nov 17, 2018 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Stock, Bonds, REIT belongs in Taxable vs ROTH?
Replies: 14
Views: 727

Re: Stock, Bonds, REIT belongs in Taxable vs ROTH?

Generally speaking, the Roth should have assets with high growth potential. There can be a debate if you only have a Roth and taxable accounts as to whether bonds should go to Roth or taxable. However, you have a tax deferrred account. And not only a tax deferred account but a TSP with access to th...
by Katietsu
Sat Nov 17, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: How to pick a wifi router to replace one we rent from Cox?
Replies: 20
Views: 1145

Re: How to pick a wifi router to replace one we rent from Cox?

I am concerned that you are still referring to a $40 router. The primary function of the device provided by the cable company is the modem part. Some cable provided equipment is only a modem. But recent years have leaned more towards a combination modem and router unit. It sounds like you would need...
by Katietsu
Sat Nov 17, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI, dependent, and subsidies questions
Replies: 17
Views: 1037

Re: ACA MAGI, dependent, and subsidies questions

Now, if your daughter has no filing requirement, then you do not need to add her income to yours for the purpose of the ACA. It does not matter whether or not she files. Really? That doesn't seem right. So if she has withholding and she wishes to file to get it all back, no problem. If her income i...
by Katietsu
Sat Nov 17, 2018 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Stock, Bonds, REIT belongs in Taxable vs ROTH?
Replies: 14
Views: 727

Re: Stock, Bonds, REIT belongs in Taxable vs ROTH?

Generally speaking, the Roth should have assets with high growth potential. There can be a debate if you only have a Roth and taxable accounts as to whether bonds should go to Roth or taxable. However, you have a tax deferrred account. And not only a tax deferred account but a TSP with access to the...
by Katietsu
Sat Nov 17, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: When is Too Long to Return a Hair Dryer to Costco?
Replies: 55
Views: 3038

Re: When is Too Long to Return a Hair Dryer to Costco?

I would never return a four year old hairdryer or a seven year old vacuum cleaner. A T3 hair dryer probably had a 2 year warranty and a Dyson vacuum cleaner might have a 5 year warranty. Why would I expect the retail establishment to refund my money for years past the expectations set by the manufac...
by Katietsu
Sat Nov 17, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Perform 12% Roth conversions or realize 0% long term capital gains during low income years???
Replies: 17
Views: 1470

Re: Perform 12% Roth conversions or realize 0% long term capital gains during low income years???

Not commenting on your current dilemma. But I would not put bonds in a Roth. If you convert to a Roth, it is likely that you should fill it with your highest growth assets. This is true even if it means that you are moving bonds to taxable. There are a few discussions on here if you are interested. ...
by Katietsu
Sat Nov 17, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1056

Re: New FA offering to pay annuity surrender fee

How much is in taxable vs IRA’s? If it is mostly in IRA’s, I would be more likely to consider the offer. This could be a transition and in a couple of years you could potentially get into an even lower fee portfolio. With most of it in taxable, you could end up with capital gains to deal with if you...
by Katietsu
Sat Nov 17, 2018 12:15 am
Forum: Personal Consumer Issues
Topic: New Policy again with ACA
Replies: 6
Views: 816

Re: New Policy again with ACA

Those who are below 250% of FPL should remember that the reduced deductibles and co pays from cost sharing only apply to the silver plan, I think.
by Katietsu
Fri Nov 16, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 109
Views: 9059

Re: Granddaughter needs $ help for university

Verify the scholarship lasts all four years, that she is doing well enough to continue to be eligible, and that she’s in track to graduate in four years. Then help out if you want. But 60k for a degree for a music teacher is ridiculous; the equivalent of driving a BMW 7 series as a asst manager at ...
by Katietsu
Fri Nov 16, 2018 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6579

Re: Wait, do I need a prenup?

For Cali, here is the law: "CHAPTER 2. Separate Property [770 - 772] ( Chapter 2 enacted by Stats. 1992, Ch. 162, Sec. 10. ) (b) A married person may, without the consent of the person’s spouse, convey the person’s separate property." https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml...
by Katietsu
Fri Nov 16, 2018 12:24 am
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI, dependent, and subsidies questions
Replies: 17
Views: 1037

Re: ACA MAGI, dependent, and subsidies questions

This is a very difficult topic. And a lot of it is not intuitive. Most of the answers you have received contain inaccuracies. The definition for a tax dependent remains the same in 2018. The exemption for that dependent is reduced to zero. The relevance is that the same rules apply as before as to w...
by Katietsu
Thu Nov 15, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 109
Views: 9059

Re: Granddaughter needs $ help for university

Verify the scholarship lasts all four years, that she is doing well enough to continue to be eligible, and that she’s in track to graduate in four years. Then help out if you want. But 60k for a degree for a music teacher is ridiculous; the equivalent of driving a BMW 7 series as a asst manager at ...
by Katietsu
Tue Nov 13, 2018 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Army Veteran here in need of help with an annuity builder problem.
Replies: 3
Views: 401

Re: Army Veteran here in need of help with an annuity builder problem.

Ok. I am not familiar with this product but I read their brochure. Since no one has answered you, I will give it a shot. I suspect you are correct about having a $0 cash value for the life insurance. Even it it is not $0, it would typically be a very tiny amount on a policy that is only 2 years old....
by Katietsu
Tue Nov 13, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good deal for a new iPhone xr ?
Replies: 7
Views: 626

Re: Is this a good deal for a new iPhone xr ?

It depends on the carrier and on the value of the phone that you plan to trade in. Based on this year's Black Friday deals and last year's holiday deals, you may be able to get a $200 or $300 gift card with no trade in. AT&T seems to be the stingiest. For instance, I believe that Sam's Club gave a ...
by Katietsu
Tue Nov 13, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Best deals to buy iphones
Replies: 66
Views: 6598

Re: Best deals to buy iphones

I’ve been told that the iPhones you bought that are linked to a particular carrier may not have all the bands for all the phones. The only way to be SURE to get the phones with all the bands is to buy unlocked phones at Apple store. If the above info is wrong or outdated, please advise me. The phon...
by Katietsu
Tue Nov 13, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good deal for a new iPhone xr ?
Replies: 7
Views: 626

Re: Is this a good deal for a new iPhone xr ?

It depends on the carrier and on the value of the phone that you plan to trade in. Based on this year's Black Friday deals and last year's holiday deals, you may be able to get a $200 or $300 gift card with no trade in. AT&T seems to be the stingiest. For instance, I believe that Sam's Club gave a $...
by Katietsu
Tue Nov 13, 2018 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Won a lawsuit after a wrongful death in the family. How to invest?
Replies: 18
Views: 3207

Re: Won a lawsuit after a wrongful death in the family. How to invest?

First, figure out if you expect to need any of these funds in the next few years as you go through a career change. That money can be placed in something simple like a high yield savings account, a CD or a money market. You should be able to earn 2%-3% interest. As for the long term money, you could...
by Katietsu
Tue Nov 13, 2018 12:38 am
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 109
Views: 9059

Re: Granddaughter needs $ help for university

The odd part is the timing. Also, I thought the most expensive Catholic university in OH was Dayton. They list the total cost per year as less than $58,000 including living expenses. A $50,000 scholarship, $5500 loan with no co signer, and a $3000 summer job should cover it. I would be concerned tha...
by Katietsu
Mon Nov 12, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Best deals to buy iphones
Replies: 66
Views: 6598

Re: Best deals to buy iphones

FWIW - Sam's Club is having a one-day event this Saturday November 10th. iPhone X, XS, XS Max and XR purchases will get up to $300 Sam's Club gift card (depending on carrier). Read the fine print on their add, but I believe the $300 gift card rebate will apply to upgrades as well as new lines. http...
by Katietsu
Mon Nov 12, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 109
Views: 9059

Re: Granddaughter needs $ help for university

I would want to make sure this is the best option and all avenues have been thoroughly explored. Even a bright 18 year old can not be expected to work through the finances of a college education themselves. And if Mom is not financially savvy, there may be no one who has done long term planning.
by Katietsu
Mon Nov 12, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: Still spending too much on non-essentials
Replies: 38
Views: 2435

Re: Still spending too much on non-essentials

From someone who has gotten down on themselves occasionally with the same internal dialogue on non essential spending, I might retitle the post as “Not able to enjoy my income.” If the possibility of FI at 42 is realistic, then you are in a position where $1000 worth of non essential spending is per...
by Katietsu
Mon Nov 12, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: 457 vs 403b
Replies: 29
Views: 1968

Re: 457 vs 403b

You were likely given appropriate advice. When you started your job, you could not double your tax deferred space by using a governmental 457 plan. When law changed to allow separate contribution limits for the 457b, my employer added the 457 option (in 2003 for me). The 457 does allow withdrawals a...
by Katietsu
Sun Nov 11, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA R1 With Painfully High Expenses - stuck?
Replies: 34
Views: 1925

Re: TIAA R1 With Painfully High Expenses - stuck?

I would consider CREF stock for your equity portion. It is only a tiny bit higher expense ratio compared to the Equity index fund. In return, you get an all purpose stock fund that is about 70% US, 30% international, represents all sizes, balances between them all, is mostly index but has a bit of f...
by Katietsu
Sat Nov 10, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3535

Re: International Travel during Maternity/Paternity

I don’t think the idea of spending several weeks in a different location is insane. I do think that you might need a new vision of what the experience will be like. I would identify a half a dozen possibilities and wait until it is closer to the time of the trip to make any non refundable reservatio...
by Katietsu
Thu Nov 08, 2018 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Did VG make a mistake on my 1099R?
Replies: 7
Views: 913

Re: Did VG make a mistake on my 1099R?

Your understanding of the 1099-R is correct. The situation doesn’t sound great to me. It seems as though it went through as a ordinary withdrawal. The 1099-R indicates this and so does the $6500 amount. The amount of the corrective distribution would be for the contribution plus associated earnings....
by Katietsu
Thu Nov 08, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting Bankruptcy Assets
Replies: 6
Views: 1017

Re: Protecting Bankruptcy Assets

What kind of debt? Is there a reason that a bankruptcy filing is needed now? I mean has a creditor forced the issue with a legal proceeding? Instead of bankruptcy, it might be better to just quit paying on the debts. Let the creditors know about the illness and the lack of future income. Use part of...
by Katietsu
Wed Nov 07, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: How much to donate to local police and fire department?
Replies: 23
Views: 1778

Re: How much to donate to local police and fire department?

I have always donated to the VFD. Volunteers spend countless hours training and they are willing to risk their lives for their community. It is appalling that these same people also have to spend Saturdays working at barbecue chicken dinners and Sundays serving pancakes to raise money for needed equ...
by Katietsu
Tue Nov 06, 2018 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Employer 401k lackluster options
Replies: 10
Views: 527

Re: Employer 401k lackluster options

I am not sure I understand why you feel you have poor choices. You have the option of doing the classic 3 fund portfolio, don’t you? After having employee plans continually changing my options every couple of years, I can understand desiring control, though. So, I don’t think there is a right or wro...
by Katietsu
Thu Nov 01, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4145

Re: 45% increase in marketplace insurance

1. Go without health insurance like hundreds of millions have done in the past. If something happens, get on the exchange. If you have enormous bills in the meantime, work it out with the provider. In the unlikely event they refuse, file bankruptcy. +1. The insurance pricing reflects the risk that ...
by Katietsu
Thu Nov 01, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4145

Re: 45% increase in marketplace insurance

How much is the insurance without the kids? If there is a reasonable savings, see if their colleges have acceptable insurance plans available.
by Katietsu
Thu Nov 01, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4145

Re: 45% increase in marketplace insurance

>Are the kids adults? Thanks, I'll check this, but when I looked at this in past years it didn't really help. Its not really do you claim them, its "can you claim them". In this case I can (they live at home, full time students), so it really doesn't matter if I do. That's my read of the rules as w...
by Katietsu
Thu Nov 01, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: I Over-contributed to Roth IRA for 2017 Tax Year
Replies: 19
Views: 1195

Re: I Over-contributed to Roth IRA for 2017 Tax Year

I just talked with Vanguard and heard what I thought I would, although there are some interesting strategies I can go with in the correction process. I am re characterizing my 2018 contribution ($5500), and doing the backdoor roth process for it. As of market close yesterday it has lost money so it...
by Katietsu
Wed Oct 31, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: had an IRA prior to marriage with son as only beneficiary
Replies: 8
Views: 736

Re: had an IRA prior to marriage with son as only beneficiary

I don’t think this is something to spend much time worrying about. And I have seen people who have had different names on their documents for years. At some point, it may need dealt with so you should be prepared for that possibility.
by Katietsu
Tue Oct 30, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Which Account for RMD?
Replies: 5
Views: 570

Re: Which Account for RMD?

I think you are suggesting using your RMD to rebalance. That makes sense.
by Katietsu
Tue Oct 30, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Supporting dying father and preparing to support his wife?
Replies: 22
Views: 2438

Re: Supporting dying father and preparing to support his wife?

All of us who have been through this can empathize. I would suggest you start by gathering information on your Dad’s personal situation while simultaneously learning about the options for care. You can do much of this research from your home in California. Ideally, you could then make another trip t...
by Katietsu
Tue Oct 30, 2018 12:26 am
Forum: Personal Consumer Issues
Topic: Anyone using Pillpack?
Replies: 12
Views: 1784

Re: Anyone using Pillpack?

This might also be a good time to review the medications with the primary care physician to make sure all the medications are needed. The assisted living facilities that I am familiar with have been using the equivalent of pill pack for many years. If a number of the pills are once a day OTC supplem...
by Katietsu
Mon Oct 29, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Possible (small) future wash sale in 401k
Replies: 16
Views: 1354

Re: Possible (small) future wash sale in 401k

There is no solid IRS rule against it. I disagree. The tax code (https://www.law.cornell.edu/uscode/text/26/1091) provides no exemptions for any specific account type. Hence, all account types are subject to wash sale rules until the IRS provides a specific exemption, which it has not done yet. I c...
by Katietsu
Mon Oct 29, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: Tire rotation - low mileage car
Replies: 36
Views: 1918

Re: Tire rotation - low mileage car

Thus, if I were you, I'd keep the Defenders in the rear and wear out those other tires in front as soon as possible so that you can replace with another pair of Defenders. Ask Costco to keep the next pair of Defenders in the front so it wears to the same level as the rear. Then rotate once a year a...
by Katietsu
Mon Oct 29, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: Washing machine/dryer shopping
Replies: 38
Views: 2859

Re: Washing machine/dryer shopping

If you are in an apartment complex with washer dryer hookups, is there a way to let your fellow apartment dwellers know you are interested in purchasing a unit? A bulletin board, facebook community or talking to the leasing office? Seems likely that there may be others moving out who do not want to ...
by Katietsu
Mon Oct 29, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Cash Surrender Help
Replies: 15
Views: 1267

Re: Annuity Cash Surrender Help

Before you put this money at risk in the stock market, does she have other funds to draw on? Are you and she ready to accept a $70,000 loss? We do not have a broader picture of your mother’s financial situation, but being 64 and about to retire, are attributes of someone who should decrease their ri...
by Katietsu
Mon Oct 29, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Possible (small) future wash sale in 401k
Replies: 16
Views: 1354

Re: Possible (small) future wash sale in 401k

I too avoid potential wash sales with a 401k even though I think it not necessary. But in this case, I would just ignore it and claim the full loss. There is no solid IRS rule against it. Even if you feel you are obligated to disallow part of the loss, you are talking about the loss on a fractional ...
by Katietsu
Sun Oct 28, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: Roth 401/403/457 withdrawals pre 59.5. Tax/penalty? What if rolled over to Roth IRA?
Replies: 25
Views: 1387

Re: Roth 401/403/457 withdrawals pre 59.5. Tax/penalty? What if rolled over to Roth IRA?

I believe retiredjg probably answered the question you were asking. Given all the activities related to retirement accounts for you, make sure you keep good records. Also, if you are planning for early retirement, be aware that a “traditional” governmental 457 plan is available without penalty at an...
by Katietsu
Fri Oct 26, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary Allocation Model
Replies: 17
Views: 1136

Re: Beneficiary Allocation Model

I did not see specific information on your net worth and cash flow. But your attorney did, so I would put weight on his advice. Let’s say your 90% stock allocation drops 50% in value and you develop dementia requiring $150,000+ a year for 15 years of care. Meanwhile your spouse must maintain a home ...
by Katietsu
Fri Oct 26, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help! For a larger size taxable account do I pay an advisor?
Replies: 51
Views: 4056

Re: Help! For a larger size taxable account do I pay an advisor?

I would consider hiring someone to help you get from here to there. You may need someone who is not looking to manage you long term. Take a look at the model of businesses like Aptus Wealth Management or Wealth Logic.
by Katietsu
Fri Oct 26, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help with My Account Transfer!
Replies: 10
Views: 719

Re: Help with My Account Transfer!

If you have such large capital gains and the information from your financial advisor was news to you, then I would stop. I think you need a financial advisor or at least a tax advisor to be involved in your financial lives for a bit longer. In the long run, you do not need one charging you 1%. You m...
by Katietsu
Thu Oct 25, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 477
Views: 45179

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

That is what I am suggesting as they won't let me do it. I want to open an account that is only in my wife's name and .. so far .. they seem unwilling if it is funded via transfer from our joint account. It is something I do need to get done in the next few months and will revisit in a couple of mo...
by Katietsu
Tue Oct 23, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Does Paying Off Installment Loan Early Stop It From Helping Credit?
Replies: 3
Views: 480

Re: Does Paying Off Installment Loan Early Stop It From Helping Credit?

In my experience, your score will go down once the loan is paid off. It doesn’t matter whether it is after 36 payments or paid off early after 3 payments. You will no longer have the most desirable credit mix since you will have no active installment loans.
by Katietsu
Mon Oct 22, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 477
Views: 45179

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Has anyone else received the “Mark your calendar, Name” email today stated that you have until October 31 for funding? It is not the date but the name that I have a question about. Mine uses my last name which seems odd. Just wondering if I put the names in backwards when I registered?
by Katietsu
Mon Oct 22, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Headlamp for dog walking
Replies: 30
Views: 2111

Re: Headlamp for dog walking

I have always used Petzl branded headlamps for walking. I have found them very comfortable, durable and easy to use.
( I have a couple of these $10 lights recommended here, which are fine for around the house. But these are not comfortable for walking for an hour in my opinion.)